The Straits Times / The Business Times News on Best World
Best World IPO shares priced at 30
29 June 2004
The
Business Times
HEALTH and lifestyle products distributor Best World International
is selling 28 million shares at 30 cents each for a Sesdaq listing.
The Singapore-based company's offer comprises 25 million new shares
and 3 million vendor shares. The issue includes 2.8 million shares
for public offer.
Best World expects to raise net proceeds of $6.5 million from the
sale of new shares, of which $2 million will be used for regional
expansion and $1 million to fund a joint venture in China. The offer
closes on July 6.
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